308 S Laurel Street, Santa Ana, CA 92704
- $1,795,000
- List Price
- $1,795,000
- Price Change
- ▼ $105,000 1781648369
- Status
- ACTIVE
- MLS#
- OC25238691
- Year Built
- 2024
- Lot Size
- 6,524
- Acres
- 0.15
- Days on Market
- 256
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level, Two Levels
- Neighborhood
- Other
Property Description
Welcome to 308 Laurel Apartments, a 4-UNIT multifamily investment property nestled in the highly desirable neighborhood of Santa Ana. TOTAL CURRENT RENT: $11,000/month | TOTAL MARKET RENT: $11,250/month | 3 UNITS are on month-to-month leases, and 1 UNIT is leased through 07/31/2027. Brand New Construction (2024) – UNIT 1: What sets this property apart is the addition of a brand-new ADU, offering a 2 bed/2 bath, 800 SF unit with an open floor plan, central A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, recessed lighting, and washer & dryer hookups. Fully Remodeled – UNITS 2-4: 3 units, each offering 2 bed/1 bath, 868 SF. These units were fully remodeled in 2023 with modern design elements and all-new upgrades throughout. The property includes 3 units with 1-car garages, plus 4 driveway parking spots, providing convenient parking for residents. Each unit features in-unit washer/dryer hookups, A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, and recessed lighting. All tenants pay their own utilities, with gas and electricity individually metered — ensuring hassle-free maintenance and management. A perfect 1031-exchange opportunity, ideal for a homeowner seeking additional rental income, or for investors looking for a turnkey, income-producing asset.
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Additional Information
- Appliances
- Dishwasher, Gas Range, Range Hood
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Roof
- Asphalt
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Recessed Lighting, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $132,300
- Operating Expense
- 30108
Listing courtesy of Listing Agent: Nhi Phan (Nhiprealty@gmail.com) from Listing Office: Real Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.